LXP Industrial Trust $LXP Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its stake in LXP Industrial Trust by 70.5%, selling 56,301 shares and leaving them with 23,564 shares valued at approximately $204,000.
• LXP Industrial Trust achieved an earnings per share (EPS) of $0.16 for the recent quarter, matching analysts' expectations, with revenue of $86.74 million, showing a year-over-year increase of 2.2%.
• The company declared a quarterly dividend of $0.135 per share, resulting in an annualized yield of 5.9%, despite a high payout ratio of 192.86%.

Jump Financial LLC cut its position in LXP Industrial Trust (NYSE:LXP - Free Report) by 70.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,564 shares of the real estate investment trust's stock after selling 56,301 shares during the quarter. Jump Financial LLC's holdings in LXP Industrial Trust were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LXP. Cetera Investment Advisers boosted its position in LXP Industrial Trust by 4.7% in the 1st quarter. Cetera Investment Advisers now owns 31,486 shares of the real estate investment trust's stock valued at $272,000 after buying an additional 1,420 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in LXP Industrial Trust by 3.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 47,880 shares of the real estate investment trust's stock valued at $414,000 after buying an additional 1,574 shares during the last quarter. M&T Bank Corp boosted its position in LXP Industrial Trust by 4.3% in the 1st quarter. M&T Bank Corp now owns 40,529 shares of the real estate investment trust's stock valued at $351,000 after buying an additional 1,660 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in LXP Industrial Trust by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 44,019 shares of the real estate investment trust's stock valued at $362,000 after buying an additional 1,681 shares during the last quarter. Finally, Diversified Trust Co increased its stake in shares of LXP Industrial Trust by 6.9% in the first quarter. Diversified Trust Co now owns 32,414 shares of the real estate investment trust's stock worth $280,000 after buying an additional 2,103 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Stock Performance

LXP stock traded up $0.05 during trading on Friday, hitting $9.15. 1,836,315 shares of the company's stock traded hands, compared to its average volume of 3,150,012. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 32.66 and a beta of 1.06. LXP Industrial Trust has a 52 week low of $6.85 and a 52 week high of $10.32. The stock has a fifty day moving average price of $8.40 and a two-hundred day moving average price of $8.41. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.18.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $86.74 million during the quarter, compared to analyst estimates of $87.25 million. LXP Industrial Trust had a net margin of 24.07% and a return on equity of 4.34%. The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. LXP Industrial Trust has set its FY 2025 guidance at 0.620-0.640 EPS. As a group, equities analysts anticipate that LXP Industrial Trust will post 0.63 EPS for the current fiscal year.

LXP Industrial Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.135 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.54 annualized dividend and a dividend yield of 5.9%. LXP Industrial Trust's dividend payout ratio (DPR) is 192.86%.

Analysts Set New Price Targets

Separately, Wolfe Research initiated coverage on shares of LXP Industrial Trust in a research note on Friday, August 22nd. They issued an "outperform" rating and a $10.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $10.33.

LXP Industrial Trust Company Profile

LXP Industrial Trust NYSE: LXP is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.